Mebane, North Carolina-based luxury mattress manufacturer Kingsdown has received a passive minority investment from Somnigroup International Inc., the global parent of Tempur Sealy International and Mattress Firm.
“Somnigroup’s investment represents a powerful endorsement of Kingsdown’s Style & Substance brand and our proven ability to scale the artistry and innovation that have defined our company for over 120 years,” said Frank Hood, CEO of Kingsdown. “As a passive investor, Somnigroup’s confidence in Kingsdown underscores the strength of our business model, our leadership team and our growth trajectory.”
“We are proud to partner with Kingsdown, whose long-standing reputation for quality and innovation align closely with our own values,” said Scott Thompson, chairman and CEO of Somnigroup, based in Lexington, Kentucky. “Kingsdown’s tailored product range complements our existing portfolio, broadening our reach across key consumer segments. This investment demonstrates our disciplined capital allocation strategy, confidence in the Kingsdown team and our expectations of long-term growth in the U.S. and Canadian bedding markets.”
“For our employees, suppliers, and retail partners, it’s better business as usual,” Hood added. “This investment doesn’t define Kingsdown, it affirms confidence in our future and the enduring strength of our brand.”
